THE UNIVERSITY OF NEW ENGLAND 
AFM211 - Intermediate Financial Accounting 
Final Examination Guide and Notes 2024 
 
Part 01. About This Guide 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solutions to Final Exam Paper 
Part 04. Final Examination - Hints and Tip 
 
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University of New England - AFM211: Intermediate Financial Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of New England
Study Level	Undergraduate
UNE Unit Code	AFM211
UNE Unit Name	Intermediate Financial Accounting
Notes Title	Final Examination Guide and Notes
Page Length	38

This AFM211: Intermediate Financial Accounting study guide is an essential academic resource for University of New England students enrolled in the unit. These notes provide sample exam questions, solutions, and marking schemes, enabling you to effectively practise and test your understanding. With comprehensive coverage of exam questions and step-by-step solutions, this guide is an invaluable resource that equips you with the necessary tools for academic and professional success. Incorporating this guide into your studies can enhance your understanding of this complex unit and better prepare you to succeed in both academic and professional settings.

Build on your financial accounting knowledge with this unit to expand your real-world business skills for working with Australian reporting entities. Studying this unit will equip you with the specialist knowledge to apply several accounting standards for external financial reporting in practical situations. You will explore various financial reporting issues pertaining to Australian reporting entities. This includes examining financial accounting processes and requirements related to various assets, liabilities, owners' equity, income and expense. Through practical assignments, you will develop the skills and knowledge for creating and interpreting statements of financial position, comprehensive income and cash flow. You will also analyse and apply theories, concepts and information from a range of sources to solve business problems.

Upon completion of this unit, you will be able to:

demonstrate a well-developed knowledge of financial accounting processes with some depth in understanding of the accounting treatment of financial transactions and events related to assets, liabilities, owners' equity, income, and expense and apply this to business-related problems;
demonstrate a well-developed knowledge of financial accounting processes with some depth in the creation and interpretation of the statements of comprehensive income, the statement of financial position, and the statement of cash flows and apply this to business-related problems;
use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information drawn from a range of sources in order to demonstrate judgement and analytical skills in solving sometimes complex business-related problems; and,
work independently and/ or collaboratively to plan and execute tasks to enhance professional knowledge and skills in the area of financial accounting.

UNIT CODE	UNIT NAME
AFM101	Introduction to Financial Accounting
AFM103	Introductory Finance
AFM112	Introduction to Management Accounting
AFM211	Intermediate Financial Accounting
AFM231	Corporate Finance
AFM242	Financial Instruments and Markets
AFM305	Advanced Financial Accounting
AFM332	Security Analysis and Portfolio Management
ECON101	Introductory Microeconomics
ECON102	Introductory Macroeconomics
ECON201	Intermediate Microeconomics
ECON202	Intermediate Macroeconomics
ECON271	Introductory Econometrics
LAW100	Foundations of Law
LSSU251	Introduction to Business Law
LSSU592	Taxation Law
MM110	Fundamentals of Marketing
MM200	Managing People and Organisations
QM161	Business Statistics
QM162	Introduction to Business Analytics

University of New England - AFM211: Intermediate Financial Accounting

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